Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $5,083 per ton, surging by 7.2% against the previous year. Overall, the import price, however, recorded a precipitous decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the peak figure at $38,000 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($5,286 per ton), while the price for Spain totaled $3,486 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.7%).
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $2,000 per ton in 2022, reducing by -7.7% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 30%. The export price peaked at $7,714 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to -0.4% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids imported into Estonia declined to 1.5 tons, waning by -11.1% against 2021 figures. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of 1.7 tons, and then dropped in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids dropped slightly to $7.5K in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 99% against the previous year. As a result, imports attained the peak of $7.9K, and then dropped slightly in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.5 | 3.9 | 7.1 | 6.8 | 14.8% |
| Spain | N/A | N/A | 0.6 | 0.6 | 0.0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 4.6 | 4.0 | 7.9 | 7.5 | 17.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Estonia in 2022:
- Sweden (1295.0 kg)
- Spain (185.0 kg)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia
In 2022, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids from Estonia shrank rapidly to 1 kg, waning by -83.3% against the previous year. Over the period under review, exports saw a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 500%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids shrank sharply to $2 in 2022. Overall, exports continue to indicate a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 550%.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Estonia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 2.0 | 13.0 | 2.0 | 0.0% |
| China | 224 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 224 | 2.0 | 13.0 | 2.0 | -79.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Estonia in 2022:
- Netherlands (1.0 kg)
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